Litigation funder to pay $1 to settle CFPB, N.Y. lawsuit over 9/11 fund

Litigation funder RD Legal Funding, which was accused of charging 9/11 first responders 250% interest on loans, settled a predatory lending lawsuit brought by state and federal authorities for just $1, and agreed not to collect the $600,000 that customers still owe under its contracts as part of its settlement with the U.S. Consumer Financial Protection Bureau and the New York Attorney General’s Office. More from Reuters (free account required to access content).